These responsibilities may vary from church-to-church depending on the job description or according to their bylaws.
Our team of not-for profits tax advisers has many years experience working with churches, synagogues or other faith-based organizations in order to minimize their taxes, protect their tax exempt status, and help them avoid tax.
Sometimes, congregations are faced with difficult bookkeeping questions and may need to outsource this work. Atlanta Church Bookkeeping LLC is here to help you save time, money, and manage your bookkeeping needs.
The problem is that not only the Pastor but also the kind-hearted volunteer may be able to set up and maintain proper accounting systems. If this happens, you may end up with inefficient church bookkeeping.
We believe that everyone should be able make financial decisions with confidence. Our site does not feature every company or product on the financial market. However, we are proud of the fact that the advice we provide, the information we provide, and the tools and resources we create are objective, independent and straightforward.
Why outsource? For smaller and medium-sized churches, outsourcing can help increase expertise and accuracy, lower bookkeeping expenses, and give them an extra link in their internal controls. Let's examine each of these individually:
Since long, church bookkeepers have been mistaken for accountants. But they have different responsibilities. They maintain financial records for the church, which include income and expense records. They must keep accurate records of each transaction, including the date and amount. It is their responsibility to keep track and verify the accuracy of accounting procedures. Accountants on the other end perform all tasks of bookkeepers, but also provide accounting, tax planning, financial planning and payroll processing.
The biblical pattern shows without question that the pastor should be involved in the oversight of the church's finances, however, Scripture also prescribes the attitude and actions of the pastor to avoid disqualification of influence and trust.
In a non-profit organization, such as a church, the board is the bearer of this fiduciary responsibility and therefore should properly oversee all operations, including finances, to protect the members of the church.
How To Manage Church Records
Identify The Church Records That You're Going To Manage. Based on your local state laws you will need to figure out what records are imperative to keep. ...
Implement A Retention Schedule. ...
Establish Retention And Destruction Policies.